American Carpet One Foundation
- Assets
- $1.3m
- Revenue
- $171.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Aiea, HI
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 71-1009218
Organization Overview
American Carpet One Foundation is located in Aiea, HI. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Carpet One Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, American Carpet One Foundation generated $171.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $98.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, American Carpet One Foundation has awarded 138 individual grants totaling $356,129. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Arita Chairman/president | 0.5 | $0 | |
Jessica S K Schlais Secretary/treasurer | 0.5 | $0 | |
Christine D Arita Vice President | 0.1 | $0 | |
Daniel K Arita Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $525 |
| Dividends & Interest | $25,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,894 |
| Capital Gain Net Income | $94,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,471 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,146 |
| Total operating and administrative expenses | $16,617 |
| Contributions, gifts, grants paid | $82,209 |
| Total expenses and disbursements | $98,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,082 |
| Savings and temporary cash investments | $1,188,358 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,277,440 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,087 |
| Total liabilities | $1,087 |
Grants Awarded
Over the last fiscal year, American Carpet One Foundation has awarded $82,209 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: GENERAL FUND | $10,000 |
Honolulu, HI PURPOSE: BUILDING CAMPAIGN FUND | $10,000 |
UNIVERSITY OF HAWAII PURPOSE: 3 SCHOLARSHIPS | $7,500 |
THE SALVATION ARMY - HAWAIIAN & PACIFIC ISLANDS DIV PURPOSE: GENERAL FUND | $6,709 |
Honolulu, HI PURPOSE: FUND FOR EXCELLENCE | $5,000 |
Honolulu, HI PURPOSE: SCHOLARSHIP FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Foundation Santa Monica, CA | $165,494,601 | $537,573 |
John Pritzker Family Fund Redwood City, CA | $7,615,053 | $13,500,772 |
Newton And Rochelle Beckercharitable Trust Larkspur, CA | $179,394,273 | $14,820,252 |
Katie Mcgrath & J J Abrams Family Foundation Encino, CA | $5,090,305 | $12,922,680 |
Chuck Lorre Family Foundation Los Angeles, CA | $141,428,582 | $34,550,743 |
San Francisco Pretrial Diversion Project San Francisco, CA | $1,963,286 | $8,653,584 |
Elizabeth R & William J Patterson Foundation San Anselmo, CA | $0 | $2,038,322 |
Quest Foundation Danville, CA | $120,069,342 | $12,892,793 |
S Mark Taper Foundation Los Angeles, CA | $110,679,604 | $17,411,120 |
William S And Nancy E Thompson Foundation Newport Beach, CA | $84,169,133 | $9,975,811 |
The Lakeview Foundation Greenbrae, CA | $2,321,091 | $1,301,410 |
Every Org San Francisco, CA | $5,202,463 | $8,801,096 |